Duane Morris Class Action Review - 2023 - Report - Page 313
reached in consolidated class actions alleging claims that the defendant paid
millions to former Ohio House Speaker Larry Householder’s political nonprofit in
exchange for him promoting a bill to bail out the utility’s affiliated nuclear power
plants).
6. $165 million – Pearlstein, et al. v. BlackBerry Limited, Case No. 13-CV-7060
(S.D.N.Y. Sept. 29, 2022) (final settlement approval granted in a class action
claiming the company hid poor sales numbers for its Z10 smartphone).
7. $141 million – Evanston Police Pension Fund, et al. v. McKesson Corp.,
Case No. 18-CV-6525 (N.D. Cal. Nov. 4, 2022) (settlement reached in a class
action over allegedly false assertions about generic drug prices that the plaintiffs
traced to a generic-drug price-fixing conspiracy).
8. $129 million – The Police Retirement System Of St. Louis, et al. v. Granite
Construction Inc., Case No. 19-CV-4744 (N.D. Cal. Mar. 17, 2022) (final
settlement approval granted in a class action alleging investment fraud).
9. $117 million - In Re Altria Group Inc. Derivative Litigation, Case No. 20-CV772 (E.D. Va. Oct. 26, 2022) (preliminary settlement approval granted to
securities fraud class action relative to ill-fated multi-billion dollar investments).
10. $105 million - Washtenaw County Employees' Retirement System, et al. v.
Walgreen Co., Case No. 15-CV-3187 (N.D. Ill. Oct. 11, 2022) (final settlement
approval granted in a class action alleging claims the company misrepresented
financial projections as it sought shareholder approval of its plan to complete an
acquisition).
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Duane Morris Class Action Review – 2023
